The Most Valuable Companies in Major EU Economies

Visual Capitalist

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May 1, 2024 Graphics/Design:

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Most Valuable Companies in the EU, by Country

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In this graphic, we mapped out the most valuable corporations in 11 major EU economies, based on their market capitalizations as of April 15th, 2024. All figures are in USD, and were sourced from Companiesmarketcap.com.

Novo Nordisk is currently worth more than $550 billion, making it Europe’s most valuable company by a wide margin. The pharmaceutical giant specializes in diabetes and weight-loss drugs. Demand for two of them, Ozempic and Wegovy, has surged due to their weight-loss capabilities, even causing nationwide shortages in the United States.

The following table includes an expanded list of the most valuable publicly-traded company in larger EU economies. Many of these were not included in the graphic due to space limitations.

CountryCompanySectorMarket Cap 🇩🇰 Denmark💊 Novo NordiskPharmaceuticals$562B 🇫🇷 France👜 LVMHLuxury Goods$422B 🇳🇱 Netherlands🔧 ASMLSemiconductor Equipment$382B 🇩🇪 Germany💼 SAPEnterprise Software$214B 🇮🇪 Ireland🖥️ AccentureIT Services$197B 🇪🇸 Spain👗 InditexRetail$147B 🇧🇪 Belgium🍻 Anheuser-Busch InBevBeverages$116B 🇸🇪 Sweden🛠️ Atlas CopcoIndustrial Equipment$80B 🇮🇹 Italy🏎️ FerrariAutomotive$76B 🇫🇮 Finland🏦 Nordea BankBanking$40B 🇦🇹 Austria🔌 Verbund AGEnergy$26B 🇱🇺 Luxembourg🏗️ TenarisOil & Gas Equipment$22B 🇨🇿 Czech Republic💡 CEZ GroupEnergy$20B 🇵🇱 Poland⛽ PKN OrlenEnergy$20B 🇵🇹 Portugal🔌 EDP GroupEnergy$16B 🇬🇷 Greece🏦 EurobankBanking$7B 🇭🇺 Hungary⛽ MOL GroupEnergy$7B 🇭🇷 Croatia🏦 Zagrebacka BankaBanking$6B 🇷🇴 Romania⛽ RomgazEnergy$4B 🇸🇮 Slovenia💊 KrkaPharmaceuticals$4B
Note: Figures are rounded and last updated on April 15th, 2024. Countries with top publicly-traded companies worth under $4 billion are excluded.

Luxury supergiant LVMH—which owns brands like Tiffany, Christian Dior, and TAG Heuer to name a few—is Europe’s second largest company by market cap, at $420 billion.

Rounding out the top three is ASML, which produces equipment crucial to chip manufacturers, worth $380 billion.

When looking at the region, there is a vast disparity between EU member states and their most valuable companies.

For example,

The full article is available here. This article was published at Visual Capitalist.